3481 Page AveJackson, MI 49203

Property Details for 3481 Page Ave

Lot size

0.84 AC

Property size (Sq ft)

4,800 SF

Zone code

B-4 GEN

Property type

Retail space

APN

000-14-06-402-001-01

APU

140640200101

Description

This 5,200 square foot freestanding retail building in Jackson, Michigan, is available for $799,888. Located at 3481 Page Ave in Leoni Township, this property sits on a 0.84-acre lot and boasts a prime location on a main thoroughfare with approximately 6,580 vehicles passing daily. The building offers two access points and includes a large pylon sign and billboard signage, providing excellent visibility. With over 50 parking spaces, this property is ideal for a flagship location. Currently, only four operating provisioning centers exist within a two-mile radius, presenting a strong market opportunity. Municipal approval for adult-use/medical provisioning is in place, and licenses are included in the sale. The pre-construction build-out allows a new operator to create a custom design. Importantly, the site can also be used for traditional retail purposes, offering flexibility to potential buyers. The property is surrounded by a dense residential population and several national tenants, creating tremendous synergy within the immediate marketplace. The price per square foot is $153.82, and the land value is $899,888 per square foot. This is a rare opportunity to acquire a well-situated, versatile commercial property in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,207,902

  6.5%

  $1,114,986

  7%

  $1,035,345

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,131,460

  Geo Method

  $1,131,460

• Alternative Use

  Use

  Valuation

  Residential

  $940,533

  Hospitality

  $861,523

  Educational

  $716,777

  Medical

  $741,428

  Retail

  $1,114,986

Location Insight

City

Jackson

County

Jackson

State

Michigan

Latitude

42.2393

Longitude

-84.3529

CBSA code

27100

CBSA name

JACKSON, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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